Frugal is the new cool for Chinese youth as the economy falters

BEIJING, Sep 19 (Reuters) -Before the pandemic, Doris Fu envisioned a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year-old marketing consultant from Shanghai is one of many Chinese in their 20s to 30s who cut spending and save money where … Read more

Analysis: Porsche poses a governance dilemma for investors considering the IPO

A Porsche logo can be seen outside a Porsche car dealership, amid the coronavirus (COVID-19) outbreak in Brussels, Belgium, May 28, 2020. REUTERS / Yves Herman Register now for FREE unlimited access to Sign in Leadership structure is a concern for some Others cite a small fraction of the shares offered The IPO may … Read more

US SEC cryptocurrency guidelines drive up costs for lenders, disrupting projects

WASHINGTON, Sept. 16 (Reuters) – Banks’ cryptocurrency projects have been overturned by U.S. Securities and Exchange Commission (SEC) accounting guidelines that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients. , according to more than half a dozen experts in the field. A slew of lenders including US Bancorp … Read more

EXCLUSIVE US weighs China’s sanctions to discourage Taiwan’s action, Taiwan presses the EU

TAIPEI / FRANKFURT / WASHINGTON, Sep 13 (Reuters) – The United States is considering options for a sanctions package against China to dissuade it from invading Taiwan, with the European Union coming under diplomatic pressure from Taipei to do the same , according to sources familiar with the discussions. The sources said the separate Washington … Read more

Analysis: Midterm elections in the US could add more risk to the shaky stock market

The United States Capitol building is seen in Washington, United States on September 4, 2022. REUTERS / Elizabeth Frantz Register now for FREE unlimited access to Sign in NEW YORK, Sep 13 (Reuters) – Another source of potential stock market volatility looms in an already difficult year for Wall Street: the approaching US midterm … Read more

Analysis: This could hurt: the tectonic plates of the global economy shift

Beyond the cost-of-living crisis, broader trends are at play Demography, geopolitics, environmental costs weigh on Monetary quick fixes are not enough; deeper reforms needed LONDON, Sep 12 (Reuters) – When the Shannon family announced the closure of their garden center just off London’s busy South Circular Road after 33 years in business this month, the … Read more

Truly autonomous cars might be impossible without a helpful human touch

MILTON KEYNES, England, Sept. 12 (Reuters) – Autonomous vehicle (AV) startups have raised tens of billions of dollars on the promise to develop self-driving cars, but industry executives and experts say human supervisors may be needed. remotely to help distressed robot drivers. The central premise of autonomous vehicles – that computers and artificial intelligence will … Read more

Exclusive: Biden will hit China with larger cuts in US chip and tool exports

Semiconductor chips are seen on a computer printed circuit board in this illustrative photo taken on February 25, 2022. REUTERS / Florence Lo / Illustration / File Photo Register now for FREE unlimited access to Sign in WASHINGTON, Sept. 11 (Reuters) – Biden administration plans next month to widen limits on U.S. shipments to … Read more

EXCLUSIVE The German Ministry of Economy examines measures to curb business in China

Employees work on the assembly line during a construction completion event for the SAIC Volkswagen MEB electric vehicle plant in Shanghai, China, November 8, 2019. REUTERS / Aly Song Register now for FREE unlimited access to Sign in Berlin reviews Chinese investments, export guarantees, trade fairs Germany plans to publish the new strategy for … Read more

Because fires in the Arctic are releasing more carbon than ever

Sept. 8 (Reuters) – Smoke from hundreds of wildfires darkened the skies of Alaska’s interior this summer, with the state having its fastest on-record fire season start in hot, dry conditions. Tens of thousands of lightning strikes ignited most of the active fires, according to the Bureau of Land Management Alaska Fire Service. By the … Read more